AMP Conservative Fund

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Not Mindful
Type: Conservative fund
Past Returns: 2.37%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.96%

Annual fees, including any membership and % management fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Nextera Energy Inc 0.14%
Enbridge Inc 0.13%
BHP Group Ltd 0.12%
Kinder Morgan Inc/De 0.08%
Williams Cos Inc/The 0.08%
Alliant Energy Corp 0.05%
Evergy Inc 0.04%
Gibson Energy Inc 0.04%
South32 Ltd 0.04%
Xcel Energy Inc 0.04%
Firstenergy Corp 0.03%
Dominion Energy Inc 0.03%
Cms Energy Corp 0.03%
Wec Energy Group Inc 0.03%
Plains Gp Holdings Lp 0.02%
Dte Energy Co 0.02%
Santos Finance Ltd - 14/09/2027 0.02%
Exxon Mobil Corp 0.02%
Bp Capital Markets Plc - 03/07/2026 0.02%
Origin Energy Ltd 0.02%
Apt Pipelines Ltd - 22/03/2030 0.02%
Agl Energy Ltd 0.02%
Total Sa 0.02%
Chevron Corp 0.02%
Pembina Pipeline Corp 0.01%
Royal Dutch Shell Plc-B Shs 0.01%
Diamondback Energy Inc - 01/12/2026 0.01%
Bp Capital Markets America Inc - 04/05/2026 0.01%
Bp Plc 0.01%
Koninklijke Vopak Nv 0.01%
Cheniere Energy Inc 0.01%
Woodside Petroleum Ltd 0.01%
Chugoku Electric Power Co Inc/ 0.01%
Aker Bp Asa - 15/01/2030 0.01%
Concho Resources Inc - 15/08/2048 0.01%
Omv Ag 0.01%

Weapons

Tobacco

British American Tobacco 0.08%

Gambling

Skycity Entertainment Group Lt-Nzx 0.04%

Alcohol

Lvmh Moet Hennessy Louis Vuitt 0.02%
Diageo Plc 0.01%
Carlsberg A/S 0.01%

Palm Oil

GMOs

Novartis Ag 0.07%
Bayer Ag 0.01%

Human Rights & Environmental Violations

BHP Group Ltd 0.12%
Sempra Energy 0.08%
Johnson & Johnson 0.08%
Nestle Sa 0.07%
Rio Tinto Ltd 0.06%
Duke Energy Corp 0.06%
Sempra Energy - 01/02/2023 0.02%
Chevron Corp 0.02%
Rio Tinto Plc 0.02%
Royal Dutch Shell Plc-B Shs 0.01%

Animal Testing

Procter & Gamble Co/The 0.090%
Johnson & Johnson 0.080%
Nestle Sa 0.070%
Pepsico Inc 0.040%
Kimberly-Clark Corp 0.020%
Glaxosmithkline Plc 0.020%
Coca-Cola Co/The 0.020%
Colgate-Palmolive Co 0.020%
Coca-Cola Femsa Sab De Cv - 22/01/2030 0.020%
Air Products & Chemicals Inc 0.020%
Lvmh Moet Hennessy Louis Vuitt 0.020%
Chevron Corp 0.020%
Bayer US Finance Ii Llc - 15/12/2028 0.020%
Royal Dutch Shell Plc-B Shs 0.010%
Bayer Ag 0.010%
Unilever Nv 0.010%
Estee Lauder Cos Inc/The 0.010%
Unilever Plc 0.010%
Walgreens Boots Alliance Inc 0.010%
Danone Sa 0.010%
Reckitt Benckiser Group Plc 0.010%
British American Tobacco 0.080%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

A summary of this fund and its details.

Number FND131
Name AMP Conservative Fund
Risk profile Conservative fund
Description The fund has a well-diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to achieve modest to medium returns, in exchange there may be small movements up and down in the value of your investments.
Value $400M NZD
Members 11,956
Market index description A composite index is calculated using the target investment mix weightings of the underlying market and peer group indices for the asset classes that the fund invests into. Additional information about the market index is available on the offer register.
Disclosure Statement Period Tue March 31st 2020
Fund started Mon Oct. 1st 2007
Three-year average return 2.37%
Market index past year return 1.98%
Past year return net charges and tax -0.25%
Past year return net of charges gross of tax 0.25%
Market index return since fund started 5.44%
Return since fund started net 3.48%
Total annual fund fees 0.96%
Total performance based fees 0.0%
Manager's basic fee 0.87%
Administration charges 0.09%
Total other charges 23.4
Total other charges currency NZD

Key Personnel

  • Blair Robert Vernon

    Currently: Investment Committee Member (8 years, 9 months)
    Previously: Chief Executive, AMP Wealth Management New Zealand (1 years, 3 months)

  • Jeffery Darren Ruscoe

    Currently: Investment Committee Member (1 years, 0 months)
    Previously: Chief Client Officer, AMP Wealth Management New Zealand (1 years, 0 months)

  • Timothy Pritchard

    Currently: Investment Committee Member (1 years, 0 months)
    Previously: General Counsel, AMP Wealth Management New Zealand (1 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2020 1.07% -0.25%
2019 4.40% 4.54%
2018 3.80% 2.83%
2017 4.16% 3.57%
2016 3.52% 1.45%
2015 8.10% 6.9%
2014 3.88% 3.13%
2013 6.92% 5.78%
2012 3.16% 3.02%
2011 5.06% 4.01%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

Showing the top 10 investments for this fund:

  • ANZ Bank New Zealand Ltd Bond Maturing 21 Apr 20
    New Zealand NZ Fixed Interest AA-
    3.1%
  • New Zealand Government Bond Maturing 15 Apr 27
    New Zealand NZ Fixed Interest AA+
    2.59%
  • Westpac New Zealand Ltd Bond Maturing 21 Apr 20
    New Zealand NZ Fixed Interest AA-
    2.54%
  • Call Account (Westpac Banking Corporation Advance Acct)
    New Zealand Cash and Equivalents AA
    2.04%
  • New Zealand Government Bond Maturing 20 Apr 29
    New Zealand NZ Fixed Interest AA+
    2.0%
  • Westpac New Zealand Ltd Bond Maturing 19 May 20
    New Zealand NZ Fixed Interest AA-
    1.97%
  • Westpac New Zealand Ltd Bond Maturing 18 Jun 20
    New Zealand NZ Fixed Interest AA-
    1.97%
  • Call Account (Rabobank Advance Account NZD)
    New Zealand Cash and Equivalents A
    1.73%
  • New Zealand Government Bond Maturing 15 Apr 37
    New Zealand NZ Fixed Interest AA+
    1.63%
  • New Zealand Government Bond Maturing 14 Apr 33
    New Zealand NZ Fixed Interest AA+
    1.29%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 31 March 2020 .

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 23.0% 26.58%
New Zealand Fixed Interest 25.0% 26.31%
International Fixed Interest 28.0% 24.51%
Australasian Equities 6.0% 5.38%
International Equities 14.25% 13.92%
Listed Properties 2.5% 2.18%
Unlisted Properties 0.0% 0.0%
Other 0.63% 0.53%
Commodities 0.63% 0.59%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31 March 2020 .

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.13%
  • Animal Testing:
    0.89%
  • Fossil Fuels:
    1.70%
  • Gambling:
    0.09%
  • GMOs:
    0.14%
  • Human Rights & Environmental Violations:
    0.66%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.08%
  • Weapons:
    0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2020 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

In their own words: "The fund has a well-diversified portfolio that primarily invests in lower-risk income assets with a conservative allocation to growth assets. The fund aims to achieve modest to medium returns, in exchange there may be small movements up and down in the value of your investments."

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.